The Process Involved in the Putting-Out System Was to __________

question 32

Multiple Choice

The process involved in the putting-out system was to __________.

• A) produce goods in private homes under the supervision of a merchant who supplied raw materials and paid for the finished products
• B) place young farm girls in upper-class homes as servants, where they might marry above their station
• C) distribute manufactured goods to rural stores on credit to expand industrialists' markets
• D) train apprentices by placing them in the home shops of skilled artisans

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Definitions:

Discount On Bonds Payable

The difference between the face value of bonds and their selling price when sold for less than their face value.

Contra Liability

A liability account that is used to record reductions to another liability account, effectively acting as a negative liability.

Market Rate

The current price in the marketplace at which a given asset can be bought or sold.

Face Value

The nominal or dollar value printed on a financial instrument, such as a bond or stock certificate.